Diamond Sunrise Corp

Analysis

Diamond Sunrise Corp is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Diamond Sunrise Corp reported income of $335k and spending of $269k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $335k (+21%), an average of +5.0% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Diamond Sunrise Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Momentum Housing Inc ($335k), Ohio Region Senior Citizens Housing Corporation III ($335k) and H S C No 6 Housing Development Fund Company Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $831k against liabilities of $1.1m, net assets of -$237k.